Fuel Tech (FTEK - Free Report) closed at $2.48 in the latest trading session, marking a +1.64% move from the prior day. This change outpaced the S&P 500's 0.45% loss on the day. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 0.5%.
Prior to today's trading, shares of the maker of air pollution control systems had gained 12.96% over the past month. This has outpaced the Industrial Products sector's gain of 3.19% and the S&P 500's gain of 2.62% in that time.
FTEK will be looking to display strength as it nears its next earnings release, which is expected to be May 13, 2019. In that report, analysts expect FTEK to post earnings of $0 per share. This would mark year-over-year growth of 100%. Our most recent consensus estimate is calling for quarterly revenue of $13.74 million, up 7.43% from the year-ago period.
Investors might also notice recent changes to analyst estimates for FTEK. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. FTEK is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that FTEK has a Forward P/E ratio of 48.8 right now. For comparison, its industry has an average Forward P/E of 31.13, which means FTEK is trading at a premium to the group.
The Pollution Control industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 11, which puts it in the top 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FTEK in the coming trading sessions, be sure to utilize Zacks.com.